Recent developments in the AMD (Armenian Dram) currency:
- Central Bank Policy Change: The Central Bank of Armenia has increased its benchmark interest rate by 0.5% to 7.5% to combat rising inflation.
- Economic Growth Forecast: The Armenian government projects a 5% GDP growth for 2025, indicating a stable economic outlook.
- Tourism Boost: Armenia reports a 15% increase in tourist arrivals in the first quarter of 2025, potentially strengthening the AMD.
These factors may influence the AMD's value, affecting travelers, expats, and business owners.
Canadian Dollar Update
Updated 01 Aug 2026 • 23:45 GMT
The Canadian dollar has shown resilience against the US dollar, driven by fluctuating oil prices and cautious monetary policy from the Bank of Canada (BoC). As of mid-July, USD/CAD is trading around 1.4033 after stronger oil prices provided support to the loonie, despite the BoC's decision to hold its rate steady at 2.25% but keeping the possibility of future hikes open. Market sentiments are tempered by weak inflation and trade uncertainties, particularly concerning the USMCA, which are impacting near-term CAD expectations.
Key watchpoints:
- Monitor changes in global oil prices as they significantly impact the commodity-linked Canadian dollar.
- Watch for any updates or changes in monetary policy from the Bank of Canada, particularly rate hike announcements.
- Pay attention to upcoming Canadian employment and economic data releases for further insights into CAD movements.